Whittier Trust Co. of Nevada Inc. Grows Holdings in RTX Corporation $RTX

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of RTX Corporation (NYSE:RTX) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,924 shares of the company’s stock after purchasing an additional 3,217 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in RTX were worth $29,193,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Whittier Trust Co. increased its stake in shares of RTX by 6.5% during the second quarter. Whittier Trust Co. now owns 414,255 shares of the company’s stock worth $60,489,000 after purchasing an additional 25,145 shares in the last quarter. Divergent Planning LLC purchased a new stake in shares of RTX during the second quarter worth about $4,961,000. Syntegra Private Wealth Group LLC purchased a new stake in shares of RTX during the second quarter worth about $206,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of RTX during the second quarter worth about $47,000. Finally, Darrow Company Inc. purchased a new stake in shares of RTX during the second quarter worth about $208,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Morgan Stanley boosted their price target on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Citigroup boosted their price target on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.

Insider Buying and Selling

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 over the last ninety days. 0.15% of the stock is currently owned by insiders.

RTX Stock Performance

NYSE:RTX opened at $160.63 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The firm has a market capitalization of $215.02 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.93 and a beta of 0.66. The company’s 50-day moving average is $159.31 and its two-hundred day moving average is $146.31. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. RTX’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 EPS. Analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.